Hiscox News

Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources

Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial services firms …

Experience Is Everything for Krefta, CEO-in-Waiting at Hiscox Re & ILS

When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief …

Hiscox Appoints RMS’ Khare as Group Head of Catastrophe Research

Specialist insurer Hiscox has appointed Shree Khare as group head of Catastrophe Research. Khare will lead the research that directly informs Hiscox’s own view of risk and its underwriting strategies for catastrophe perils. In particular, while working across the Hiscox …

EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit

The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial centers. The European Securities and Markets Authority …

Hiscox UK & Ireland Launches Media & Creative Industries Product Suite

Specialist insurer Hiscox said it is addressing new exposures faced by the media and creative industries with the launch of two tailor-made professional indemnity products focused on those working within digital marketing and event organizations. The insurer has also further …

Corporation of Lloyd’s Bans Booze During Work Hours 

Once part of the London/Lloyd’s market culture, the days of liquid lunches have mostly disappeared with many companies requiring that their employees abstain during work hours. The Corporation of Lloyd’s, which oversees and supports the businesses operating in the Lloyd’s …

Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’

A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, capital-raising or asset …

Hiscox Launches Security Incident Response Policy for Crisis Support

Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services. “SIR will enable organizations to fulfil their duty of care obligations to protect people, operations, shareholder value and long-term brand …

Hiscox UK Taps AIG’s White as London Regional Mgr, Professional & Specialty Lines

Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked since 2007 in a range of roles …

More UK Insurers Consider Move to Ireland for Europe HQs: Central Bank

A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union, Ireland’s central bank said on Thursday. Ireland is …